Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. maya invested $5,000 in an account paying an inter

Maya invested $5,000 in an account paying an interest rate of 3.9% compounded continuously. Assuming...

50.1K

Verified Solution

Question

Basic Math

image

Maya invested $5,000 in an account paying an interest rate of 3.9% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $6,880?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Problem 1-27 Special Rules for High-Income Taxpayers (LO 1.9) Rachel is single and has wages of $150,000...

Chemistry
1.2K views

7. You are given 2.263 g of a mixture of KClO3 and KCl. When heated, the...

Medical Sciences
1.2K views

briefly describe what occurs in the sarcomere when calcium is absent and not freely available in...

Biology
1.2K views

3 Select the correct terms to complete the statement ATP thylakoids chlorophyll chloroplasts electrons Light...

Physics
1.2K views

Two sinusoidal currents are given by the equation 50 sin at i 25 sin cot...

Algebra
1.2K views

40 A lot consists of 48 mobile phones of which 42 are good only 3...

Accounting
1.2K views

Questions: (a) Without narrations, or cross references, prepare journal...

Accounting
1.2K views

Answer Question 9 & 10 All Parts Please. Assume actual cash receipts and...

Accounting
1.2K views

try in the communes Yuko 15 Parch UCO FO

Accounting
1.2K views

corparabos wit set 20.000 thares of constion hock for is1 each. The following busines activities...

Accounting
1.2K views

The survey results from the National Association of Colleges and Employers (NACE) show the average...

Finance
1.2K views

2.4 Empirical Literature Allen et al. (2012) examined the individual features allied with the...